Exhibit 10.140
Assignment of Rancho Cucamonga Lease
ASSIGNMENT AND ASSUMPTION OF LEASE
Agreement dated this 1st day of December 1999 by and between (a) Play Co.
Toys & Entertainment Corp. ("Play Co."), a Delaware corporation with offices at
000 Xxxxxxxxx Xxxxx, Xxx Xxxxxx, Xxxxxxxxxx 00000, and (b) Toys
Xxxxxxxxxxxxx.XXX, Inc., a Delaware corporation ("Toys") with offices at 000
Xxxxxxxxx Xxxxx, Xxx Xxxxxx, Xxxxxxxxxx 00000.
WHEREAS, Landlord and Play Co. heretofore entered into a lease agreement
(the "Lease") dated the 20th day of February 1999 for the premises known as
Rancho Cucamonga, located at 0000 X. Xxxxxxxx Xxxx., Xxxxx X, Xxxxxx Xxxxxxxxx,
Xxxxxxxxxx 00000 (the "Premises"), which Lease commenced April 1, 1999 and
expires March 31, 2004; and
WHEREAS, Play Co. desires to assign to Toys (i) all of the right, title,
and interest to which Play Co. otherwise is entitled under the Lease and (ii)
all duties and obligations by which Play Co. otherwise is bound under the Lease;
and
WHEREAS, Toys desires to accept assignment of Play Co.'s rights and
entitlements under the Lease and to assume the liabilities and obligations by
which Play Co. is bound under the Lease;
NOW THEREFORE, in consideration of the mutual promises, covenants, and
conditions set forth herein, it is agreed as follows:
1. Play Co. hereby expressly and fully transfers the Lease over and unto
Toys, remaining liable thereunder to the extent provided under the terms of the
Lease.
2. Toys hereby accepts and assumes all right, title, interest, duties,
obligations, and liabilities under the Lease.
IN WITNESS WHEREOF, the parties hereto have executed the above Agreement as
of the date set forth.
TOYS XXXXXXXXXXXXX.XXX, INC. PLAY CO. TOYS & ENTERTAINMENT CORP.
By: Xxxxxxx Xxxxx, President By: Xxxxxxx Xxxxx, President
By: Xxxxx X. Xxxxxx, Secretary By: Xxxxx X. Xxxxxx, Secretary